By Iain Gilbert
Date: Thursday 22 Jul 2021
LONDON (ShareCast) - (Sharecast News) - Semiconductor outfit Texas Instruments issued revenue guidance that disappointed investors overnight on Wednesday, with concerns that the Covid-19 fuelled demand for chips would be short-lived offsetting a strong second quarter performance.
For the second quarter, net income rose to $1.93bn, or $2.05 on a per share basis, up from $1.38bn or $1.48 a share, a year earlier. Revenues increased 41% to $4.58bn, ahead of expectations on the Street for a print of $4.36bn.
Cash flow from operations totalled $7.5bn for the trailing 12 months, with free cash flow of $6.5bn.
Texas Instruments also returned $3.9bn to investors through share repurchases and dividends during the period, with the dividend representing 56% of free cash flow.
However, Texas Instruments stated sales will be $4.44-4.76bn in the period ending in September, while profits will be $1.87 to $2.13 per share. Analysts had previously predicted profits of $1.97 per share and sales of $4.59bn.
As of 1500 BST, Texas Instruments shares were down 4.55% at $185.40 each.
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Currency | US Dollars |
Share Price | $ 193.90 |
Change Today | $ -2.38 |
% Change | -1.21 % |
52 Week High | $202.54 |
52 Week Low | $140.50 |
Volume | 3,479,253 |
Shares Issued | 909.00m |
Market Cap | $176,255m |
RiskGrade | 142 |
Strong Buy | 3 |
Buy | 5 |
Neutral | 17 |
Sell | 5 |
Strong Sell | 1 |
Total | 31 |
Time | Volume / Share Price |
15:59 | 100 @ $193.92 |
15:59 | 200 @ $193.92 |
15:59 | 200 @ $193.92 |
15:59 | 200 @ $193.92 |
15:59 | 116 @ $193.92 |
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